Jack Mayer, Life Insurance Broker
Jack Mayer
Bill Proctor & Associates
Life Insurance Broker Licensed in CA
42+ Years of Experience
Contact Details
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Location
Palm Springs, CA
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Website
About Me
Welcome! I'm Jack, a local life insurance specialist who understands the importance of protecting what matters most. From growing families to individuals planning ahead, I help people at every stage of life choose coverage with confidence.
Q&A with Jack Mayer
How do I find a trustworthy life insurance agent in my area?
Answer: I am a life insurance broker/agent and I have been licensed since 1984. I will be happy to take your call. Reach out to me and I will answer all your questions and provide help.
What is mortgage protection insurance and how is it different from regular life insurance?
Answer: Original Mortgage Protection is not available any longer. It was promoted by banks that would pay off the balance remaining on the loan, the lender was the beneficiary and the loan gets paid upon the borrowers death. Those plans were not transferable. Those plans are no longer available. Today mortgage protection can be had by getting a term life for the length of the loan if available or if preferred and the beneficiary would be the homeowner and upon the individuals death the proceeds are paid to the beneficiary, typically a spouse and the survivor pays the loan. The face amount never decreases and it is portable.
How do joint or survivorship life insurance policies work?
Answer: The policy pays on the second death of the two insureds. Those policies are always less expensive because it pays on the second death.
What documents do I need to prepare before meeting an agent?
Answer: If it is for the purpose of getting a Medicare health plan then I typically ask for the Medicare MBI card, List of Doctors, Specialist, preferred pharmacy and Medications. Also if you have a representative such as a POW then you need to bring that person into the mix.
How does a life insurance company's investment portfolio affect my policy?
Answer: It doesn't because insurance companies are required to be able to have the overwhelming capacity to meet policyholder obligations with fixed life insurance products. As far as indexed universal life, interest sensitive whole life and Variable life plans, the carriers investment portfolio has nothing to do with how your policy performs because those policies mirror or are tied into the stock market and there are caps and minimums with no potential for market volatility just safety.
What happens if my life insurance beneficiary is a minor child?
Answer: The life insurance proceeds will not go to a minor until they are 18 so if possible set up a trust and have the life insurance proceeds pour into that trust.
How does life insurance work for veterans and active military?
Answer: Not sure what your asking here, Veterans can buy life insurance through VALife up to $40,000 available to any service connected veteran. VGLI for recently discharged Vets and S-VDI for service disabled veterans. These programs are administered by the VA not available outside the market place. all this said and done, just because you are a vet does not mean you will get better rates than outside the VA. Important to compare
Does life insurance go through probate?
Answer: Life insurance is only subject to probate if the beneficiary is the estate of the insured. Otherwise the answer is no.